Wells Fargo (NYSE:WFC) analyst Roger Read maintained a Buy rating on Marathon Petroleum Corporation (NYSE:MPC) on Thursday, setting a price target of $71, which is approximately 15.35% above the present share price of $61.55.
Read expects Marathon Petroleum Corporation to post earnings per share (EPS) of -$0.37 for the second quarter of 2021.
The current consensus among 10 TipRanks analysts is for a Strong Buy rating of shares in Marathon Petroleum, with an average price target of $73.1.
The analysts price targets range from a high of $83 to a low of $68.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $22.71 billion and a net profit of $123 million. The company's market cap is $40.17 billion.
According to TipRanks.com, Wells Fargo analyst Roger Read is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 14.5% and a 62.41% success rate.
Founded in 1887, Ohio-based Marathon Petroleum Corp. is a petroleum refining company, which is engaged in refining, marketing, retailing, and transporting petroleum products primarily in the United States. It operates through three segments: Refining & Marketing, Retail, and Midstream.